CMS Energy Corporation (CMS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 887,000 | 837,000 | 1,353,000 | 755,000 | 680,000 |
| Total assets | US$ in thousands | 33,517,000 | 31,353,000 | 28,753,000 | 29,666,000 | 26,837,000 |
| ROA | 2.65% | 2.67% | 4.71% | 2.55% | 2.53% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $887,000K ÷ $33,517,000K
= 2.65%
CMS Energy Corporation's return on assets (ROA) has shown some fluctuations over the past five years. In 2023, the ROA decreased slightly to 2.62% from 2.64% in 2022. This decline is not substantial, suggesting stability in the company's ability to generate profits from its assets.
Comparing the ROA in 2023 to previous years, the company's performance appears to be relatively consistent. The 2023 ROA of 2.62% is lower than the 2021 ROA of 4.69%, but it is still higher than the ROA in 2020 and 2019.
Overall, CMS Energy Corporation's ROA shows that the company is effectively utilizing its assets to generate profits, with a trend of maintaining a reasonable level of return relative to the asset base. Continued monitoring of ROA will be important to assess the company's efficiency in generating profits from its assets in the future.
Peer comparison
Dec 31, 2023